Appreciating property values in Lawrence

Over time, the worth of a property will go up and down. Almost always, house values appreciate in the long term. But there are no "sure things" in real estate.

When your home appreciates you have more equity to borrow against, and you'll generate a larger profit when you sell. But how will you know what you're investing in presently will appreciate over time? Property values in Lawrence go up and down for various reasons. Choosing a REALTOR^® in Lawrence who understands the factors that influence local prices is the most important part.

Find My Home's Value

What is the biggest factor impacting real estate appreciation? Many guess that it's the economy. After all, there are several issues on a national level that impact your home's value: unemployment, mortgage rates, inflation, and more. But the most influential issues that figure your home's value are specific to the local Lawrence economy and housing market.

Let Century 21 Miller & Midyett- Team Abram help you with your first home purchase in Lawrence

Let Century 21 Miller & Midyett- Team Abram help you with your first home purchase in Lawrence

Access to services - Many home buyers want to live in districts with the most convenient features for households to succeed, such as a close proximity to schools, jobs, and work. So when it comes to retaining their value, these communities consistently appreciate the best.

Recent home sales - How long do homes typically stay on the market? Are sellers needing to discount much? A lot of data can often be retrieved from public records, but a good agent with access to the local MLS will often be able to provide a more complete picture.

The appreciation history - Is the neighborhood believed to be desirable because of its location or affordability? Have property prices risen or declined over the past 5 to 10 years?

The local economy - Are local companies hiring? Have companies moved into or away from an area? Is there a good combination of work in an area, or does it depend on just one industry? Is the mix of commercial and residential development changing? These items play a role.


	It's important to learn about the factors that affect your home's value. Get an estimation of your property's value here. Call me at 785-843-8566 or e-mail me if you have any questions at all. I'd love to hear from you.

Keller Williams Realty Diamond Partners Inc- Team Abram 545 Columbia Drive Lawrence, KS 66049

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